{"id":15949,"date":"2025-03-03T19:51:04","date_gmt":"2025-03-03T19:51:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15949"},"modified":"2025-03-03T19:51:04","modified_gmt":"2025-03-03T19:51:04","slug":"major-u-turn-in-crypto-markets-sends-bitcoin-back-below-87k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15949","title":{"rendered":"Major U-Turn in Crypto Markets Sends Bitcoin Back Below $87K"},"content":{"rendered":"
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Sunday’s Trump bump in crypto has mostly vanished nearly as quickly as it appeared.<\/p>\n

In mid-afternoon U.S. action, bitcoin (BTC) is changing hands at $86,700, barely above its level prior to President Trump taking to social media Sunday to tout his plans for coming U.S. crypto reserve.<\/p>\n

Ether is now actually beneath its pre-Trump level and at 0.025, the ETH\/BTC ratio has touched a new five-year low.<\/p>\n

Other tokens touted by Trump as part of the coming crypto reserve \u2014 Solana’s (SOL), Ripple’s (XRP) and Cardano’s (ADA) \u2014 have given up sizable amounts of their Sunday gains, though remain somewhat higher than prior to the president’s posting.<\/p>\n

\u201cCrypto vols are still relatively elevated with both majors still reflecting a Put Skew till end-March,\u201d crypto trading firm QCP Capital wrote to their investors. \u201cThe VIX is also elevated, signaling broader market unease in risk assets overall, particularly after the recent tariff escalations from the U.S. administration.\u201d<\/p>\n

Crypto stocks have given up large chunks are early gains on Monday, with a number of them \u2014 Core Scientific (CORZ) and Bitdeer (BTDR) among them \u2014 now sporting sizable losses on the session.<\/p>\n

Medical equipment maker Semler Scientific (SMLR) \u2014 perhaps better-known for its bitcoin treasury strategy \u2014 is off 7.3% today after a DOJ investigation for possible violations of a federal anti-fraud law related to its marketing of a product known as QuantaFlo, reported Stat News<\/a>.<\/p>\n

The broader stock market is also in the red, with the Nasdaq shedding 1.1% and S&P 500 0.8% ahead of Trump’s promised tariffs on Mexico, Canada and China. Chipmaking giant Nvidia (NVDA) is down 6.5% on news that Singapore has charged three men in a U.S. export controls breach case.<\/p>\n

\u201cConcerns over U.S. growth, and impending tariffs on China, Mexico, and Canada \u2014 set to take effect tomorrow \u2014 will be in focus, driving equities and rates,\u201d said Jake Ostrovskis, OTC Trader at crypto market maker Wintermute.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Sunday’s Trump bump in crypto has mostly vanished nearly as quickly as it appeared. In mid-afternoon U.S. action, bitcoin (BTC) is changing hands at $86,700, barely above its level prior to President Trump taking to social media Sunday to tout his plans for coming U.S. crypto reserve. Ether is now actually beneath its pre-Trump level […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15949","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15949"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15949\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}